Important Current Affairs Quiz 27th July 2017

3 weeks ago .

Here is a quiz for upcoming Banking, Insurance and Government exams. This quiz contains expected questions which match the exam pattern of Govt Job Exams and other Banking Exams. So make sure you attempt Important Current Affairs Quiz 27th July 2017 to check your preparation level.

You can also attempt daily important current affairs quiz for yesterday:

Bajaj Allianz on July 27, 2017 renewed its corporate agreement with Dhanalaxmi Bank. The agreement was first signed in ____.

1.

2005

2.

2008

3.

2007

4.

2009

5.

2003

Solution

Answer:

The relationship between Bajaj Allianz Life Insurance and Dhanlaxmi Bank goes back to 2009, when the latter started selling customised insurance solutions provided by Bajaj Allianz Life Insurance to its customers. As a corporate agent partner, Dhanlaxmi Bank has done a business of Rs 365 Crore till date for Bajaj Allianz Life Insurance.

According to a report published by _______ on July 27, 2017 India will have the second largest 4G handset market in 2018.

1.

Bepress

2.

Immediate Media Company

3.

Counterpoint

4.

Ellipsis

5.

T & T

Solution

Answer: According to a report by Counterpoint, with an estimated installed base of 340 million 4G devices, India will displace the US as the second largest market by next year.With a base of 150 million users, India is currently placed behind China and the US.Indian market is expected to grow at a faster pace, driven by increasing adoption of mobile Internet.

The National Company Law Tribunal on July 27, 2017 allowed banks to initiate insolvency proceedings against which steel company?

1.

Tayo Rolls

2.

Welspun Maxsteel

3.

Sundaram - Clayton Limited

4.

Bhushan Steel

5.

Maithan Alloys

Solution

Answer: The National Company Law Tribunal on Wednesday allowed banks to initiate insolvency proceedings against Bhushan Steel and another firm, Bhushan Steel and Power. The petition for launching the insolvency process was filed by SBI, the lead bank of the consortium of lenders, in the case of Bhushan Steel while a similar plea was filed by Punjab National Bank (PNB) against Bhushan Steel and Power.

Solution

Answer: Shikha Sharma is the Managing Director and CEO of Axis Bank. Sharma joined Axis Bank in 2009. On July 27, 2017 she was re-appointed as its CEO and MD for a period of three years and is effective 1 June 2018.

Who has been sworn in as the Chief Minister of Bihar on July 27, 2017?

1.

Sushil Modi

2.

Lalu Prasad Yadav

3.

Nitish Kumar

4.

Amit Shah

5.

None of the above

Solution

Answer: JDU leader Nitish Kumar was sworn in as Bihar Chief Minister for 6th time within hours of dumping the Grand Alliance. Kumar met governor Keshari Tripathi with NDA leaders and staked claim to form a new government with support of 132 MLAs. He has been asked by governor to prove his majority in Assembly within 2 days of taking oath.BJP’s Sushil Kumar Modi was sworn in as Deputy Chief Minister.

Solution

Answer: Whatsapp Inc. was formed on February 24, 2009 by Jan Koum and Brian Acton. On July 27, 2017 the company announced that it now has 1 billion daily active users on its service. WhatsApp also stated that the monthly active user base increased to 1.3 billion. Now, almost 55 billion messages are shared every day while 1 billion videos are shared per day and 4.5 billion photos are shared per day, in 60 supported languages.

Solution

Answer: “The Ministry of Utmost Happiness” is written by Arundhati Roy. On July 27, 2017 it was shortlisted for the Man Booker Prize. The list was chosen from 144 submissions published in the UK between 1 October 2016 and 30 September 2017. A six-strong shortlist will be announced on 13 September, ahead of the winning book being announced on 17 October.

Solution

Answer: The BRICS Security Chiefs Meet is being held in China. On July 26, 2017 National Security Adviser Ajit Doval arrived in Beijing to attend a meeting of top security officials of the BRICS grouping, amid a standoff between the armies of India and China in the Sikkim sector. Mr Doval is likely to speak with China's State Councillor Yang Jiechi to break the deadlock.The meeting of security chiefs of Brazil, Russia, India, China and South Africa ends on July 28.

N. Dharam Singh who passed away on July 27, 2017 was the former Chief Minister of __________.

1.

Nagaland

2.

Karnataka

3.

Maharashtra

4.

Punjab

5.

Haryana

Solution

Answer: N. Dharam Singh was the former Chief Minister of Karnataka. He was the 17th CM of Karnataka and was continuously elected as MLA for 7 times from Jevargi constituency. He headed Congress-Janata Dal (Secular) coalition govt from May 2004 to February 2006.He was a seasoned politician, was known for his gentle demeanour.

On July 27, 2017 _____ Metro announced the launch of mobile ticketing system ‘OnGo’.

1.

Delhi

2.

Bengaluru

3.

Kolkata

4.

Mumbai

5.

Jaipur

Solution

Answer: The Mumbai Metro One Private Limited (MMOPL) will soon launch mobile ticketing system ‘OnGo’ for commuters to buy their tickets on their mobile phones. Commuters will also be able to book tickets for future journeys up to seven days in advance using the system.

Solution

Answer: Prime Minister Narendra Modi inaugurated a memorial dedicated to former president APJ Abdul Kalam at Peikarumbu near Rameswaram on his second death anniversary. He opened the memorial built in the hometown of the former president at a location where the mortal remains of the "missile man" are buried. While the first phase of the memorial was inaugurated on July 27, its second phase was scheduled to be completed in another 18 months. It would then house a library, planetarium and auditorium.

Solution

Answer:

Facebook has acquired a startup to help it crack down on users who share pirated videos and other content without permission. Source3 builds technology to detect intellectual property that has been shared by internet users without permission. Facebook is acquiring both the technology and at least some of the team behind Source3, which announced the deal on its website.

The Bombay Stock Exchange on July 26, 2017 signed a MoU with which country's stock exchange bourse for cooperation in exchange of information across business areas?

1.

Egypt

2.

Iran

3.

Japan

4.

Argentina

5.

Russia

Solution

Answer: The Bombay Stock Exchange has joined hands with Egyptian Exchange (EGX) for cooperation in exchange of information across business areas. BSE and EGX have signed a memorandum of understanding through which they have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products and markets and to share knowledge and build on both the bourses’ strategies to strengthen international connectivity.

Who on July 26, 2017 was appointed as India's Alternate Governor on the Board of Governors of the Asian Development Bank?

1.

Shaktikanta Das

2.

Bibek Debroy

3.

Arvind Panagriya

4.

Subhash Garg

5.

Deepak Nayyar

Solution

Answer: Economic Affairs Secretary Subhash Chandra Garg has been appointed as India's Alternate Governor on the Board of Governors of the Asian Development Bank. Garg has been appointed in place of former DEA Secretary Shaktikanta Das. The appointment came into effect from July 12.

Which State government on July 25, 2017 announced the launch of 'Apni Gaddi Apni Rozgar' scheme?

1.

Haryana

2.

Punjab

3.

Rajasthan

4.

Bihar

5.

Madhya Pradesh

Solution

Answer:

The Punjab government on Tuesday announced the launch of its flagship 'Apni Gaddi Apna Rozgar' scheme by flagging off over 100 uberMOTO bikes. Under the scheme the state government will be providing commercial two wheelers and four wheelers to unemployed youth at subsidised rates.

Solution

Answer:

Axis Bank Ltd is nearing a deal to buy digital payments platform Freecharge for Rs350-400 crore in cash, giving much-needed breathing space to the latter’s parent Snapdeal, which is separately in talks to sell itself to larger rival Flipkart. By buying Freecharge, Axis Bank will get a popular digital payments brand as well as access to high-quality technology that traditional companies typically struggle to build compared with internet start-ups.

On July 26, 2017 it was announced that _____ will take over catering services in all trains by year end.

1.

CRIS

2.

RVNL

3.

CORE

4.

IRCTC

5.

DLW

Solution

Answer: Catering services in all trains with pantry cars will be handed over to IRCTC by the year-end in order to improve onboard food quality, according to Railways. Till now, the zonal railways were managing catering services in majority trains as per the catering policy 2010. There are about 350 trains including Rajdhani, Shatabdi and Duronto which are equipped with pantry cars. With a view to improve catering services at rail premises, Railways will also conduct third party audit at pantry cars, base kitchens and food stalls to ensure best practice.

Solution

Answer: China plans to build its first Mars simulation base on the Tibetan plateau in the country’s northwest as it aims to send the first mission to the red planet by 2020 to catch-up with the US, India and Russia. The region on the Qinghai-Tibet plateau is known for its sharp ridges and mounds of rock known as yardang formed over the centuries by wind erosion. They mirror similar features found on the arid surface of Mars. The project will incorporate education, tourism, scientific research and simulation training.

The Union government on July 26, 2017 approved the wage code bill. The bill will merge:

1. Minimum Wages Act

2. Payment of Wages Act

3. Payment of Bonus Act

4. Equal Remuneration Act

1.

Only 1 and 2

2.

Only 2 and 3

3.

Only 1, 2 and 3

4.

Only 1, 3 a and 4

5.

All of the above

Solution

Answer: The Union cabinet approved the wage code bill that seeks to consolidate a clutch of wage-related labour laws and put in place a national minimum wage floor. The wage code bill seeks to merge the Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act and Equal Remuneration Act. The bill, once approved by Parliament, will also put in place a national minimum wage.

Solution

Answer: The 6th edition of Hockey India League has been postponed to 2019 by Hockey India. This comes as the dates in 2018 clashes with the Indoor World Cup, which may bar foreign players’ participation in it. This will only be a temporary discontinuation and HIL will return in 2019. HIL in past 5 years has given rise to players who have gone on to make a name for themselves in world hockey.